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The average amount of energy to extract new reserves has steadily increased. I think ATM it's around 1/8th of oil/energy extracted is needed to extract said oil
by ricardo81 3y ago
The average amount of energy to extract new reserves has steadily increased. I think ATM it's around 1/8th of oil/energy extracted is needed to extract said oil.
So even if it's not scarce, the factor of how economical it is to grab it is a factor.
Sorry, no source, but I'd read it recently.